FPX vs. USVM ETF Comparison

Comparison of First Trust IPOX-100 Index Fund (FPX) to VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM)

FPX

First Trust IPOX-100 Index Fund

FPX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the IPOX(R)-100 U.S. Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified, value-weighted price index measuring the performance of the top U.S. companies ranked quarterly by market capitalization in the IPOX(R) Global Composite Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$106.06

Average Daily Volume

20,181

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USVM

VictoryShares USAA MSCI USA Small Cap Value Momentum ETF

USVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Small Cap Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers within the MSCI USA Small Cap Index (the parent index) that have higher exposure to value and momentum factors while also maintaining moderate index turnover and lower realized volatility than traditional capitalization weighted indexes.

Grade (RS Rating)

Last Trade

$82.83

Average Daily Volume

13,682

Number of Holdings ^*

275

* may have additional holdings in another (foreign) market

Performance

Period	FPX	USVM
30 Days	5.06%	2.38%
60 Days	5.88%	1.62%
90 Days	6.07%	7.34%
12 Months	23.47%	25.63%

25 Overlapping Holdings

Symbol	Grade	Weight in FPX	Weight in USVM	Overlap
APP	B	1.14%	0.2%	0.2%
CHK	D	0.63%	0.35%	0.35%
CIVI	F	0.22%	0.27%	0.22%
CNM	F	1.17%	0.28%	0.28%
COHR	C	0.44%	0.3%	0.3%
COOP	B	0.47%	0.49%	0.47%
DTM	B	0.88%	0.71%	0.71%
DYN	D	0.13%	0.15%	0.13%
ELAN	D	0.29%	0.19%	0.19%
ESAB	C	0.58%	0.39%	0.39%
GKOS	D	0.52%	0.27%	0.27%
HQY	C	1.41%	0.39%	0.39%
INFA	D	0.29%	0.23%	0.23%
JXN	B	0.76%	0.37%	0.37%
NRG	C	0.65%	0.38%	0.38%
NSIT	C	0.78%	0.46%	0.46%
OGN	C	0.22%	0.24%	0.22%
OSCR	C	0.16%	0.15%	0.15%
PHIN	C	0.09%	0.33%	0.09%
PR	D	0.41%	0.3%	0.3%
PSN	B	0.39%	0.65%	0.39%
RXST	C	0.08%	0.19%	0.08%
THC	B	0.62%	0.33%	0.33%
UTHR	C	0.62%	0.54%	0.54%
VNT	D	0.46%	0.37%	0.37%

FPX Overweight 64 Positions Relative to USVM

Symbol	Grade	Weight
REGN	C	10.21%
CARR	A	7.34%
IOT	B	5.44%
ABNB	D	4.66%
OTIS	C	3.37%
PLTR	B	3.35%
DASH	C	3.02%
CEG	C	2.75%
KVUE	B	2.54%
DKNG	D	2.36%
VRT	C	2.21%
GEV	B	2.15%
CRWD	D	1.86%
DUOL	C	1.75%
RKT	B	1.58%
GEHC	C	1.57%
CR	C	1.36%
CRBG	D	1.36%
PCVX	B	1.17%
COIN	F	1.1%
SNOW	F	1.09%
VLTO	B	1.08%
HOOD	C	0.99%
HPE	F	0.96%
AZEK	C	0.95%
OWL	C	0.93%
RBLX	B	0.92%
NET	D	0.89%
VERX	D	0.88%
RYAN	C	0.82%
CRDO	D	0.8%
RDDT	D	0.73%
TPG	B	0.71%
FNF	B	0.63%
KD	D	0.63%
MKSI	F	0.57%
EDR	A	0.56%
BSY	D	0.53%
KNF	B	0.5%
TOST	C	0.39%
LNW	B	0.38%
NPAB	D	0.34%
FOUR	C	0.27%
KNTK	A	0.27%
RVMD	C	0.27%
DOCS	B	0.26%
STEP	B	0.24%
RBRK	F	0.23%
BROS	D	0.22%
ACT	A	0.22%
AMK	B	0.21%
NUVL	B	0.21%
TMDX	D	0.2%
EQT	D	0.2%
VRRM	D	0.18%
PRCT	B	0.15%
ACLX	B	0.14%
SGBX	F	0.13%
ACVA	B	0.12%
HAYW	D	0.12%
HIMS	D	0.12%
KYMR	B	0.11%
KROS	C	0.08%
ARHS	F	0.06%

FPX Underweight 250 Positions Relative to USVM

Symbol	Grade	Weight
INGR	B	-0.75%
ENSG	A	-0.7%
GBDC	C	-0.7%
NHI	B	-0.66%
CVLT	B	-0.65%
CACI	B	-0.65%
GWRE	A	-0.64%
FFIV	A	-0.64%
INVA	B	-0.63%
MTG	B	-0.63%
ESNT	B	-0.62%
EHC	B	-0.62%
JEF	B	-0.61%
MUSA	B	-0.6%
SBRA	A	-0.6%
POST	C	-0.6%
CSWI	B	-0.59%
MDU	B	-0.58%
CNO	B	-0.58%
UHS	B	-0.58%
RGA	B	-0.57%
HRB	C	-0.56%
PBH	B	-0.56%
AKR	B	-0.56%
AIZ	C	-0.56%
SF	B	-0.54%
PINC	C	-0.54%
CLH	B	-0.51%
RDN	C	-0.51%
TAP	C	-0.5%
UNM	B	-0.5%
SNDR	B	-0.49%
IDCC	B	-0.49%
SFM	B	-0.49%
ESGR	D	-0.49%
SKT	B	-0.49%
HSIC	D	-0.49%
HNI	C	-0.49%
ARW	C	-0.49%
AGO	C	-0.48%
BPOP	C	-0.48%
GEF	D	-0.48%
GHC	C	-0.48%
GRBK	B	-0.47%
EXEL	A	-0.47%
MLI	B	-0.47%
AVT	D	-0.47%
TXRH	D	-0.46%
CNX	B	-0.46%
SNX	D	-0.46%
COKE	C	-0.46%
MOG.A	B	-0.45%
EXP	A	-0.45%
R	B	-0.45%
VRNS	C	-0.44%
ALSN	B	-0.44%
JLL	B	-0.43%
RLJ	F	-0.43%
SAIC	B	-0.43%
STC	B	-0.43%
PATK	A	-0.42%
SWX	C	-0.42%
MHK	B	-0.42%
CALM	B	-0.42%
TGNA	C	-0.41%
AYI	B	-0.41%
NAVI	C	-0.41%
BIO	C	-0.41%
GNW	B	-0.41%
EME	A	-0.41%
ADMA	C	-0.41%
H	D	-0.41%
CUZ	B	-0.41%
PFSI	B	-0.41%
TNC	D	-0.41%
IIPR	A	-0.4%
PLUS	B	-0.4%
GMS	C	-0.4%
SLM	D	-0.4%
LRN	B	-0.4%
VCTR	B	-0.4%
TMHC	B	-0.39%
GPI	B	-0.39%
UVV	D	-0.39%
RUSHA	C	-0.39%
FSS	D	-0.39%
AL	D	-0.38%
MATX	C	-0.38%
ASB	D	-0.38%
APG	D	-0.38%
KBH	B	-0.38%
SPB	B	-0.38%
TPH	C	-0.38%
OMF	D	-0.37%
TOL	B	-0.37%
CACC	F	-0.37%
ARI	F	-0.37%
DXC	C	-0.37%
MHO	B	-0.37%
CHRD	F	-0.36%
SKX	C	-0.36%
ESRT	B	-0.36%
WING	B	-0.36%
JBGS	B	-0.36%
QRVO	F	-0.36%
SKYW	C	-0.36%
AROC	D	-0.35%
BECN	D	-0.35%
CMC	D	-0.35%
NMRK	B	-0.35%
GPOR	C	-0.35%
HIW	A	-0.35%
UFPI	C	-0.35%
ITGR	B	-0.35%
IVZ	C	-0.35%
ROAD	A	-0.35%
RL	B	-0.34%
ENOV	F	-0.34%
CRC	C	-0.34%
IAC	C	-0.34%
CCS	B	-0.34%
AN	D	-0.33%
PRIM	C	-0.33%
MTH	B	-0.33%
MTSI	D	-0.33%
SEM	D	-0.33%
CXW	D	-0.32%
WGO	D	-0.32%
COLL	C	-0.32%
VSH	F	-0.32%
DVA	A	-0.32%
QTWO	B	-0.32%
DINO	F	-0.32%
GIII	C	-0.31%
OVV	F	-0.31%
FYBR	C	-0.31%
BHF	F	-0.31%
AZZ	D	-0.31%
GFF	C	-0.31%
THO	C	-0.31%
CRL	D	-0.31%
CAL	F	-0.31%
UGI	B	-0.31%
PRGO	C	-0.31%
RDNT	B	-0.3%
AZTA	D	-0.3%
LPX	B	-0.3%
AMWD	C	-0.3%
VSTO	B	-0.3%
NXST	D	-0.3%
ANDE	D	-0.3%
TTMI	D	-0.29%
BTU	D	-0.29%
ABG	F	-0.29%
INSW	D	-0.29%
CWEN	A	-0.29%
GEO	D	-0.28%
MOS	F	-0.28%
VNO	A	-0.28%
BCC	C	-0.28%
SCS	C	-0.28%
NTRA	B	-0.28%
IBP	C	-0.28%
NTCT	D	-0.28%
SLVM	B	-0.28%
FIX	B	-0.28%
PK	F	-0.28%
PEB	D	-0.28%
BZH	B	-0.27%
LNC	D	-0.27%
IDYA	F	-0.27%
UAA	C	-0.27%
AMKR	D	-0.27%
ALLY	F	-0.27%
CUBI	F	-0.27%
DKS	D	-0.27%
KRC	C	-0.27%
SM	F	-0.27%
UFPT	C	-0.26%
NATL	D	-0.26%
BLD	D	-0.26%
LEVI	C	-0.26%
ATSG	D	-0.26%
XPO	D	-0.25%
HE	D	-0.25%
AEO	F	-0.25%
WSM	C	-0.25%
REVG	D	-0.25%
SLG	B	-0.25%
MAC	B	-0.25%
GBX	C	-0.25%
ODP	F	-0.24%
IESC	C	-0.24%
VECO	F	-0.24%
WOR	F	-0.24%
SAH	D	-0.24%
FWRG	F	-0.24%
VCEL	F	-0.23%
MSGE	B	-0.23%
MOD	C	-0.23%
SANM	D	-0.23%
MEDP	D	-0.23%
DFH	C	-0.22%
ONTO	D	-0.22%
HCC	D	-0.22%
DDS	D	-0.22%
ARCH	D	-0.22%
PBF	F	-0.21%
UCTT	F	-0.21%
STRL	C	-0.21%
RYI	F	-0.21%
RAMP	F	-0.21%
GES	F	-0.21%
FTRE	F	-0.21%
PVH	D	-0.21%
XRX	F	-0.2%
TDS	B	-0.2%
ALGT	F	-0.2%
CVNA	B	-0.19%
FORM	F	-0.19%
VSTS	D	-0.19%
CLF	F	-0.19%
GT	F	-0.19%
JBLU	D	-0.18%
SMTC	C	-0.18%
SIG	C	-0.18%
JELD	D	-0.18%
USM	B	-0.18%
PLAB	D	-0.18%
KSS	F	-0.17%
M	D	-0.17%
ANF	D	-0.17%
LPG	F	-0.17%
SATS	B	-0.16%
VIR	F	-0.16%
HPP	F	-0.16%
PARA	F	-0.15%
OMI	D	-0.15%
VERA	C	-0.14%
POWL	C	-0.13%
VKTX	C	-0.13%
AMR	F	-0.13%
MPW	B	-0.13%
CAR	F	-0.12%
GAP	F	-0.12%
CENX	D	-0.12%
MSTR	D	-0.12%
HTZ	F	-0.1%
CHGG	F	-0.09%
CLSK	F	-0.08%